AirAsia rises 8% on special dividend payout

FILE PHOTO: Tail of AirAsia X plane as seen at the Garuda Maintenance Facility AeroAsia in Tangerang, Indonesia, September 20, 2017. REUTERS/Beawiharta/File Photo

PETALING JAYA: AirAsia Group Bhd shares rose 8% on Thursday after the low-cost carrier announced a 90-sen special dividend payout totalling more than RM3bil.

The dividend payout quantum came as a surprise to a few analysts, with CGSCIMB surmising that it would not be easy for AirAsia to pay out further special dividends beyond 90 sen in the future.